Wealth Management Solutions LLC Has $561,000 Position in Intel Co. (NASDAQ:INTC)

Wealth Management Solutions LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTCGet Rating) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,777 shares of the chip maker’s stock after selling 1,260 shares during the quarter. Wealth Management Solutions LLC’s holdings in Intel were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Primecap Management Co. CA raised its position in shares of Intel by 12.4% during the second quarter. Primecap Management Co. CA now owns 48,598,246 shares of the chip maker’s stock worth $1,818,060,000 after purchasing an additional 5,344,285 shares during the period. Legal & General Group Plc raised its position in shares of Intel by 2.0% during the second quarter. Legal & General Group Plc now owns 31,505,367 shares of the chip maker’s stock worth $1,178,619,000 after purchasing an additional 628,215 shares during the period. State Farm Mutual Automobile Insurance Co. raised its position in shares of Intel by 1.9% during the second quarter. State Farm Mutual Automobile Insurance Co. now owns 26,389,039 shares of the chip maker’s stock worth $987,214,000 after purchasing an additional 485,720 shares during the period. Deutsche Bank AG raised its position in Intel by 11.7% in the 2nd quarter. Deutsche Bank AG now owns 23,573,139 shares of the chip maker’s stock valued at $881,871,000 after buying an additional 2,473,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Intel by 6.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,354,790 shares of the chip maker’s stock valued at $1,107,904,000 after buying an additional 1,332,635 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Intel Stock Performance

INTC opened at $29.56 on Wednesday. The business has a fifty day simple moving average of $28.42 and a 200 day simple moving average of $30.46. The company has a market capitalization of $121.99 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.77. Intel Co. has a 1 year low of $24.59 and a 1 year high of $52.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.31.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.25. The business had revenue of $15.34 billion during the quarter, compared to the consensus estimate of $15.49 billion. Intel had a return on equity of 11.67% and a net margin of 19.13%. Research analysts expect that Intel Co. will post 1.95 EPS for the current year.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 8,830 shares of the company’s stock in a transaction on Monday, October 31st. The stock was purchased at an average cost of $28.16 per share, with a total value of $248,652.80. Following the acquisition, the chief executive officer now directly owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Lip Bu Tan acquired 48,146 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was purchased at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the acquisition, the director now directly owns 50,500 shares of the company’s stock, valued at $1,412,990. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 8,830 shares of the stock in a transaction dated Monday, October 31st. The shares were acquired at an average cost of $28.16 per share, with a total value of $248,652.80. Following the acquisition, the chief executive officer now directly owns 96,049 shares in the company, valued at approximately $2,704,739.84. The disclosure for this purchase can be found here. Insiders purchased 58,830 shares of company stock valued at $1,646,744 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on INTC shares. Evercore ISI set a $30.00 target price on Intel in a research report on Wednesday, November 23rd. Mizuho reissued a “neutral” rating and issued a $32.00 target price on shares of Intel in a research report on Tuesday, November 22nd. Truist Financial lifted their target price on Intel from $29.00 to $33.00 and gave the company a “hold” rating in a research report on Monday. HSBC assumed coverage on Intel in a research report on Monday, October 24th. They issued a “reduce” rating and a $23.00 target price on the stock. Finally, Cowen assumed coverage on Intel in a research note on Monday, November 21st. They issued a “market perform” rating and a $31.00 price target for the company. Ten research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.29.

Intel Profile

(Get Rating)

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

Featured Stories

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCGet Rating).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.